Using high-resolution angle-resolved photoemission, we observe a strong spin-dependent renormalization and lifetime broadening of the quasiparticle excitations in the electronic band structure of Ni(111) in an energy window of $sim$0.3 eV below the Fermi level. We derive a quantitative result for the spin-dependent lifetime broadening by comparing the scattering rates of majority and minority $d$ states, and further show that spin-dependent electron correlations are instead negligible for $sp$ states. From our analysis we experimentally determine the effective on-site Coulomb interaction $U$ caused by Stoner-like interband transitions between majority and minority $d$ states. The present results unambiguously demonstrate the remarkable impact of spin-dependent electron correlation effects originating from single-particle excitations in a prototypical 3$d$ transition metal, paving the way for further refinement of current many-body theoretical approaches.
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